Juniper lowers Q1 revenue, adjusted EPS guidance

News Broadband Global 12 APR 2016
Juniper lowers Q1 revenue, adjusted EPS guidance

Juniper Networks has lowered its guidance for first quarter revenues to USD 1.090-1.1 billion from its previous expectation of 1.17 billion, plus or minus USD 20 million. The company attributed the downgrade to weaker-than-anticipated demand from the Enterprise segment and the timing of deployments at certain US and EMEA Tier 1 telecom operators.

Juniper also now expects its adjusted net profit per diluted share at USD 0.35-0.37, compared to its previous guidance of 0.42-0.46 per diluted share. CEO Rami Rahim said the company remains "constructive" on fiscal 2016 and sees growth from new products contributing to its topline, together with its ongoing focus on cost discipline to drive adjusted operating margin expansion.

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